One of the hottest crypto assets in recent times and referred to by many as the “Ethereum killer” wither (LEFT) what happened yesterday Wormhole hacking attack subsequently declined.
In the last year EthereumBlockchain-based smart contract platform Solana, which continues its rise by challenging .
Heavily supported by billionaire FTX chief executive Sam Bankman-Fried as well as many high-profile venture capitalist companies, Solana’s biggest claim to date has always been that it is both faster and cheaper than Ethereum.
Stating that the Wormhole attack was one of the biggest hacks ever, Wormhole officials announced in their last tweet that all funds were restored and Wormhole was backed up.
Despite this, SOL, which has not been able to recover much, continues its downward movements due to the downward movement of the general crypto money market.
Looking at the 4-hour chart, it is seen that the most important support is the ascending blue trend line. Breaking this could bring the price back down to $88.50.
It is important to close above $99, especially for SOL. With daily closings above $99, the price may climb up to $111 again. However, the attitude of the general cryptocurrency market will be decisive here.
On the other hand, it seems logical to stop with daily closes below $88.
*Not investment advice.